Elm concludes participation at Money 20/20 Middle East with strategic partnerships and fintech innovations

Business

Elm concludes participation at Money 20/20 Middle East with strategic partnerships and fintech innovations

Elm, a leading digital solutions provider, has successfully concluded its participation at the Money 20/20 Middle East Exhibition and Conference, held from September 15 to 17 at the Riyadh International Convention and Exhibition Center (Mulham). Themed “Where Money Meets Business”, the event gathered major stakeholders and decision-makers from the global financial services industry.

Elm maintained a strong presence at the exhibition, finalizing several high-profile agreements and memoranda of understanding (MoUs) to advance financial digitization across sectors. Among the key partnerships, Elm signed an agreement with EJARI to digitize real estate financial transactions, with Bupa to enhance operational integration, and with fUtic to expand customer data verification services through its Yakeen platform. The company also partnered with Hemmtk to strengthen financial security via its Dhamen solution.

Additional agreements included a framework collaboration with Takamol for Business Solutions to enable integrated client services, and a partnership with neoleap to deliver vehicle-related digital solutions via the Mojaz platform. Elm also joined forces with Tabby to expand digital payment flexibility, while agreements with Najm Insurance Services and Emkan Finance will accelerate data exchange and digital transformation initiatives.

During the exhibition, Elm showcased its comprehensive financial ecosystem, including:

Dhamen: a trusted intermediary platform for secure fund transfers
Rabet Solutions: integrated financial solutions
Dakhli and Lizam: risk assessment and income verification tools
Nafath and Yakeen: secure digital identity and data verification platforms
Thaki: fraud detection and transaction verification
Tasdeed: cloud-based bill payment platform for supply chain continuity
Quick Tik: a digital finance gateway for invoicing and payments

Elm also demonstrated its Electronic Wallet and advanced payment gateways, fully integrated with SADAD, the Zakat, Tax and Customs Authority, and SAP systems.

Majid bin Saad Al Arifi, Official Spokesperson and CEO VP of Marketing at Elm, said:
“Our agreements at Money 20/20 reflect Elm’s commitment to strengthening the fintech sector through secure, innovative digital solutions. We aim to empower both established financial institutions and startups with smart technologies that enhance integration, operational efficiency, and customer trust.”

The company’s participation comes at a time when Saudi Arabia’s fintech industry is experiencing rapid growth. The sector is projected to reach USD 4.5 billion by 2033, up from USD 1.9 billion in 2024, with a CAGR of 10.27 percent. By the end of 2024, the Kingdom had 261 licensed fintech companies, with venture investments exceeding SAR 7.6 billion and electronic payments representing 79% of all individual transactions.

Elm’s presence at Money 20/20 underscores its long-term vision to lead digital transformation in financial services, both regionally and globally, while contributing to the Kingdom’s fintech growth and broader digital economy.